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ePolicy Solutions Aligns with InsBridge; Will Integrate InsBridge's SoftRater Rating Engine into RightRisk7.


ORLANDO Orlando, city, United States
Orlando (ôrlăn`dō), city (1990 pop. 164,693), seat of Orange co., central Fla., in a lake region; inc. 1875. In a citrus fruit and farm area, it is one of the world's most visited vacation spots.
, Fla. -- ePolicy Solutions, Inc., a leader in providing Web-based policy administration solutions that reduce expenses and improve customer service, today announced a marketing agreement with InsBridge, Inc., provider of the only browser-based, multi-platform insurance rating and underwriting Underwriting

1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt).

2. The process of issuing insurance policies.
 technology solution.

ePolicy Solutions also announced that it will be integrating InsBridge's SoftRater(TM) rating engine into RightRisk7(TM). RightRisk is an open system designed to integrate with best-of-breed The best product of its type. Organizations often purchase software from different vendors in order to obtain the best-of-breed for each application area; for example, a human resources package from one vendor and an accounting package from another.  third-party solutions and existing carrier systems. Built on the scalable J2EE (Java 2 Platform, Enterprise Edition) A platform from Sun for building distributed enterprise applications. J2EE services are performed in the middle tier between the user's machine and the enterprise's databases and legacy information systems.  platform, RightRisk provides a fully functional policy administration system for carriers and their distribution channels. The RightRisk Configurator(TM), a self-service toolkit, provides greater flexibility and increased speed to market for building insurance products.

"RightRisk is designed to integrate with best-of-breed technology, such as SoftRater," said Bill Dochterman, vice president of product management, ePolicy Solutions. "All of our customers will benefit from this integration because SoftRater supports all major operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap.  and database platforms. Carriers of all sizes can experience benefits such as reduced costs and enhanced rate accuracy."

SoftRater works in conjunction with InsBridge's RateManager(TM) as an integrated part of a toolset designed to alleviate Alleviate
To make something easier to be endured.

Mentioned in: Kinesiology, Applied
 the need for programmer (1) A hardware device used to customize a programmable logic chip such as a PAL, GAL, EPROM, etc. See PROM programmer.

(2) A person who designs the logic for and writes the lines of codes of a computer program.
 intervention A procedure used in a lawsuit by which the court allows a third person who was not originally a party to the suit to become a party, by joining with either the plaintiff or the defendant. . RateManager provides integrated management for every aspect of the rate definition and modification process. ePolicy Solutions and InsBridge have completed the initial integration effort and are currently working on an expanded integration project that incorporates the InsBridge RateManager interface into ePolicy's RightRisk Configurator application development environment.

"We're very pleased to continue our commitment to integrate best-of-breed solutions into the RightRisk product platform, and are particularly excited about the rich set of features the InsBridge rating solution will provide to new and existing customers," said Dochterman.

Tom Mant, vice president of sales, InsBridge, said, "The integration of SoftRater with RightRisk is a winning solution for all carriers, who will benefit from higher productivity, reduced costs, enhanced operational efficiencies and improved rating accuracy."

Mant added, "SoftRater's highly scalable architecture can process an unlimited number of carriers, states, lines of business and versions and has the capacity to process millions of transactions per hour."

About Insbridge, Inc.

Based in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation).
The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl.
, InsBridge has supplied software solutions for leading insurance companies for nearly a decade. InsBridge Rating and Underwriting Solutions are a suite of browser-based, enterprise-grade software components designed to integrate into existing systems and significantly reduce many IT resource requirements The components of a system that are required by software or hardware. It refers to resources that have finite limits such as memory and disk. In a PC, it may also refer to the resources required to install a new peripheral device, namely IRQs, DMA channels, I/O addresses and memory  in supporting rating and underwriting product changes. InsBridge also provides custom, Web-based interfaces for insurance agents and consumer self-service that can be easily integrated with InsBridge Rating and Underwriting Solutions or with legacy systems.

InsBridge solutions, including RateManager(TM) and SoftRater(TM), reduce costs by minimizing custom application development and streamlining maintenance and programming. The result is improved speed to market, easier distribution, and enhanced rate accuracy. With extensive scalability as well as support for all major databases and operating systems, InsBridge software is the solution of choice for insurers of all sizes. For additional information, please visit www.insbridge.com

About ePolicy Solutions, Inc.

Torrance, Calif.-based ePolicy Solutions, Inc. (www.epolicysolutions.com), enables insurance companies and their agents and brokers to extend their functionalities from Web-based policy administration to document issuance, including rating, quoting, cancellation, reinstatement Reinstatement

The restoration of an insurance policy after it has lapsed for nonpayment of premiums.
, endorsements and more. By working with ePolicy Solutions, companies can reduce costs, improve underwriting performance, enhance ease of use for their agents and brokers and improve customer service.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:May 23, 2005
Words:553
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